Allen & Overy LLP has advised the real estate investment manager and co-investor CORESTATE Capital Holding S.A. ("CORESTATE") on its successful IPO. On 4 October 2016, the first day of trading, the shares of the company were offered at EUR 17.40 per share in the Entry Standard of the Frankfurt Stock Exchange. With a total of 12,610,681 shares, the company's market capitalisation was thus EUR 219.4m.

Prior to the IPO, CORESTATE had successfully completed a capital increase by way of private placement with selected international investors.

CORESTATE Capital Holding S.A. is a fully integrated real-estate investment manager and co-investor headquartered in Luxembourg that operates partner offices in Frankfurt, London, Madrid and Singapore, besides other places. Since its inception in 2006 CORESTATE has implemented real estate transactions with an aggregated volume of around EUR 5.6bn. The company invests mainly in commercial (in particular retail) and residential assets (in particular micro apartments for students and business apartments) in Germany, Austria and, for selected projects, other European markets such as Spain.

Allen & Overy regularly advises CORESTATE on M&A and capital market transactions.

The Allen & Overy team was led by Düsseldorf-based partner Dr. Christian Eichner (Corporate/M&A) and comprised partner Dr. Knut Sauer (International Capital Markets, Frankfurt), associate Dr. Thyl Haßler (Corporate/M&A, Düsseldorf) and senior associates Martin Schmidt, Dr. Camilla Kehler-Weiß (both International Capital Markets) and Boris Blunck (Employment and Benefits, all Frankfurt).

Advice on matters of Luxembourg law was provided by partner Frank Mausen, counsel Paul Péporté (both International Capital Markets) and counsel Jacques Graas (Corporate/M&A), senior associate Torsten Sauer and associates Laurent Goyer (both Corporate/M&A) and Sabrina Goncalvez (International Capital Markets).